Page 45 - Entitlement Programs News Today

Reform bill to make sense, it does need to be pro-growth, it does need to have a whole lot of elements that are permanent instead of expiring every couple years and it does need to be paid for. which this bill is not. and recently weve had a lot of scores that have looked at the plan even after you account for economic growth and it shows that it will still lose in the neighborhood of a trillion dollars. this at a time when the debt is the highest it has been relative to the economy since world ...

Wolf, 22 hours and a lot of diet cokes later still working through the tax reform markup. back to you. >> these next 48 hours will be critical. please thank the chairman for all of us. thanks very, very much. lets get reaction from senator hire reason na, a democrat from the hawaii joining us from capitol hill, a member of the armed services committee, judiciary committee. what do you think of what the chairman had to say about the republican tax bill? >> their tax bill will add $1.7 trillion to...

Those mandatory programs, what we call entitlement programs have to be reformed. you have programs that are 40, 50, 60 years old and you havent reformed them. you must reform them for todays standards. so thats a hard thing to do and ill admit that. but that is something we have to look at on the other side as well. today were talking about relieving the people in the middle income most of all putting more money in their pocket, allowing them to have more money to spend, save, or to be able to u...

Done. i can tell you members of the freedom caucus have not only put forth a bill that looks at defining and reforming medicare, but also other entitlement programs. i believe youll see some initiatives starting in the first quarter of next year. not necessarily on social security and medicare because youre right. the president has weighed in on those, not wanting to touch those, believing he made a campaign promise there. but the other part of that is looking at some of the work requirements in...

How that happens. >> national association of homeowners, which wins a lot of fights on capitol hill, are against the bill. this is a bill that the offsets are still leaving them $1.25 trillion short. if you do a tax bill that enlarges the deficit that much, there will be more on entitlement programs when the majority of donald trumps votes is whites, voting republican. they will face pressure. >> thats how the companies are making more money than ever before. the argument that you must reform th...

Be very difficult for them to get the necessary votes to move a tax bill that is in that direction, and, quite frankly, theyre using a process that is doomed to i think fail if they do not really make a bipartisan effort to have a broader coalition so that a tax bill can enjoy broader support and is one even if it were to become law, would be able to remain a law more than just one term of congress. >> all right. let me just point out that the president has told his budget director mick mulvaney...

Deficit this year. we borrow $1 million a minute. we have more that we cant afford more entitlement programs. so i think having a trillion dollar program. they keep the obamacare care spending and resufficiehuffle i thats not repeal, that basically to me is just sort of keeping it and sending the money to different places. >> have you spoken with president trump or vice president pence directly today? >> not today. i spoke to them over the weekend. and i said the one thing i am open to is they w...

To keep it. once we do, the republican name is on health care. it wont work. well have republicans absorb the blame for a terrible health care system. >> so if block grant is in there, youre a no. there is no room for you to move? >> i would block grant at preobama levels. if you want to look at 2009 say do you want to block grant medicaid, i would say say yes. after you have doubled the spending on the entitlement programs, we have a $700 trillion deficit this year. we cant keep piling on money...

A simple explanation -- senator, a simple explanation for that. those three states close to participate in the program. had the states of texas and florida done that, that percentage you just rattled off to me -- the unfairness, blamed the republican governors, no? >> chuck, were $20 trillion in debt. chuck, do you have kids? >> of course i do. >> are you concerned about the fact with mortgaging our kids future, $20 trillion in debt more than $120 trillion in the next 20 years. obamacare exacerb...

Tillerson has been put in a very tough spot. the budget cuts proposed by the administration largely came out of omb, and i think the secretary is in a bad position. thats the bad news. the good news is before the end of the year, the house and senate will resolve this. we have to pass a bipartisan, bicameral agreement. i propose well review the cuts by the administration and they wont have to deal with this. i believe he was put in a bad spot. i think these cuts came from omb. i dont think there...